Li Auto (LI)
NASDAQ:LI
Earnings Data
Report Date
May 26, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.26Last Year’s EPS
0.14Same Quarter Last Year
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
Mixed. The call presented tangible operational and strategic positives: product pipeline momentum (all‑new L9 and M100 chip mass production), improving BEV customer satisfaction and orders, a strong cash balance (RMB 101.2 billion), sustained R&D/AI investment, and sequential improvements in revenue and gross profit. However, near‑term financials show material year‑over‑year deterioration (revenue down ~35%, gross profit down ~43%), a Q4 operating loss, compressed earnings, weaker YoY cash generation, elevated R&D spend, earlier BEV ramp/supply and margin headwinds, stiff competition and some senior R&D departures. The narrative emphasizes long‑term technology transformation and execution plans, but near‑term profitability and execution risks remain significant.Company Guidance
Sequential Revenue and Profit Improvement
Q4 total revenue RMB 28.8 billion, up 5.2% quarter-over-quarter; Q4 gross profit RMB 5.1 billion, up 14.8% quarter-over-quarter; gross margin improved to 17.8% from 16.3% in prior quarter.
Strong Cash Position and Positive Free Cash Flow
Year-end cash balance RMB 101.2 billion; Q4 net cash provided by operating activities RMB 3.5 billion and free cash flow RMB 2.5 billion (both positive), improving sequential cash dynamics versus the prior quarter's negative free cash flow.
Clear Product Roadmap — All-New L9 Launching in Q2
All-new L9 lineup to launch in Q2 with flagship Li L9 Livis priced at RMB 559,800; major upgrades include 800-volt architecture, 5C ultra-fast charging, next-generation in-house range extender 3.0, drive-by-wire chassis and advanced suspension — positioned to regain leadership in the flagship SUV segment.
In-House M100 Chip Mass Production and Cost Benefits
M100 (in-house 5nm chip) is in mass production with ~6x effective compute vs prior generation; integration with Halo OS reduces end-to-end latency to ~200–300 ms and removes prior XCU controller delivering >RMB 1,000 BOM savings per vehicle.
BEV Portfolio Momentum and Customer Satisfaction Gains
Li i8 NPS rose by >20% since early post-launch period and ranked #1 in NPS among large SUVs in a recent study; Li i8 orders increased meaningfully (management cited ~33% increase since March vs February and ~179% vs January), signaling recovering demand.
i6 Production Stabilization and Sales Run-Rate
Supply constraints on Li i6 have eased; company expects Li i6 steady monthly sales of ~20,000 units and to clear current backlog within 1–2 months, indicating normalized BEV deliveries.
Sustained R&D and AI Investment
2025 R&D spend RMB 11.3 billion with ~50% allocated to AI-related initiatives; 2026 R&D guidance ~RMB 12 billion with AI still ~50% — signaling continued investment in embodied AI roadmap and long-term technology moat.
Sales Channel Optimization and New Store Partner Program
Launched store partner program (effective March 1) to treat each store as a business unit, delegate decision-making and profit sharing to store managers, prioritize quality over quantity in store rollout, and target visible operational improvements from Q3.
2026 Top-Line Growth Target and Q1 Outlook
Company targets ~20% year-on-year growth for full-year 2026; Q1 2026 delivery guidance 85,000–90,000 vehicles and revenue guidance RMB 20.4–21.6 billion, providing near-term visibility into volumes.
LI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
LI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 19, 2026 | $18.32 | $18.32 | 0.00% |
Nov 26, 2025 | $18.32 | $18.43 | +0.60% |
Aug 28, 2025 | $22.60 | $23.26 | +2.92% |
May 29, 2025 | $27.90 | $28.49 | +2.11% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Li Auto (LI) report earnings?
Li Auto (LI) is schdueled to report earning on May 26, 2026, Before Open (Confirmed).
What is Li Auto (LI) earnings time?
Li Auto (LI) earnings time is at May 26, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LI EPS forecast?
LI EPS forecast for the fiscal quarter 2026 (Q1) is -0.26.
